Albattal Factory for Chemical Industries Co. announces its Interim Financial results for the period ending on 2025-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 18,109,555 | 36,635,095 | -50.567 | ||
| Net profit (Loss) | -3,962,584 | 4,538,376 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 53,615,774 | 34,593,229 | 54.989 | ||
| Profit (Loss) per Share | -1.19 | 1.51 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The decrease in revenue during the period was primarily due to major customers not withdrawing the agreed-upon quantities under their binding contracts. This decrease is largely attributable to the slowdown in the commodity market, which has led to reduced demand and operational delays on the part of our customers.
It is worth noting that this decrease is not the result of contract cancellations or defaults. Our customers have confirmed their commitment to fulfilling their contracted quantities and have expressed their intention to compensate for the shortfall in subsequent periods as market conditions stabilize and their operational activities return to normal. We are confident that this is a timing issue, not a structural one, and we expect revenue to recover and performance to improve in the coming periods. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The decline in net profit during the period was primarily due to a decline in the revenue base resulting from delayed withdrawals of contracted quantities from major customers. While fixed operating costs remained relatively stable, the decline in sales volumes resulted in lower overhead costs, pressuring profit margins.
In addition, certain costs—such as storage, handling, and inventory holding costs—increased. These costs, coupled with ongoing operational readiness to meet future demand, contributed to the decline in profitability during the period.
Despite these temporary pressures, we maintain our positive outlook, as key contracts remain in place, and customer commitments in the coming periods are expected to support revenue recovery and improve profit margins. |
| Statement of the type of external auditor's report | Notice |
| Reclassification of Comparison Items | None |
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